Market & Industry
Great Wall Motor, General Motors sign agreement for purchase of GM Thailand Rayong Manufacturing facility
Great Wall Motors (GWM) and General Motors (GM) today announced an agreement for the sale of GM Thailand’s manufacturing facilities in Rayong, subject to government and regulatory approvals.
Feb. 17 , 2020
Foshan offers subsidy of RMB2,000-5,000 per vehicle to new car buyers
Foshan, a prefecture-level city in central Guangdong Province, has become China’s first city that issued the detailed policy to boost automobile consumption.
Feb. 16 , 2020
NIO Announces Additional US$100 Million Private Placements of Short-term Convertible Notes
NIO will issue and sell convertible notes in an aggregate principal amount of US$100 million to two unaffiliated Asia-based investment funds through private placement.
Feb. 15 , 2020
China posts 21.6% drop in Jan. homegrown PV sales
Automakers in China sold a total of 1,606,668 locally-produced PVs in Jan. 2020.
Feb. 13 , 2020
Geely Auto's new vehicle sales total 111,838 units in Jan.，market share hits new high
Geely Auto announced its auto sales volume (including the sales of Lynk & Co brand) reached 111,838 units, slumping 29% year on year.
Feb. 13 , 2020